What do you mean by a loss in parlance to the Income tax regulations? In the context of income tax, a loss is the amount by which an individual’s total allowable expenses exceed their taxable income in a given tax year. This means that the individual did not earn enough income to cover all of... View Article
If the pandemic was not enough to cause havoc on the economy, the recent Russian invasion of Ukraine has caused an unprecedented rise in inflation. Out of all the countries deeply affected by this recent development, UK is the most affected. The worst fits are the food and energy. Although the Government is taking ample... View Article
As an accountant for self-employed in UK the most common question that I come across is “how do I reduce my tax burden?” In other words, how can tax savings be done for a person who is self-employed. Well, my answer to the query is that right knowledge about the prevailing law can help you... View Article
Are you aware of this fact that the UK tax regulations authority (HMRC) offer marriage allowances to partners or spouse? This is one of those additional tax perks that makes it easier for a partner or spouse in UK to reduce their tax burden. So, let’s take a look at how this works? 1 Understanding... View Article
“Chalo Kuch Man ki Karona“ A drive to make British Indians proud by spreading positivity and knowledge in the time of great depression of COVID19. Teach your children and yourself the ABC of Finance !! Free training for all age above 7+.Starting from Saturday 11th April 6:30 pm to 7:15 pm UK Time Watch Online:... View Article
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